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GOLD REPORT

Gold breaks US$1,500 over growing economic headwinds

A weekly market summary for gold, August 5-9

GOLD prices broke new ground (2019 highs) as safe haven flows surged over rising economic uncertainties. The United States has branded China as a currency manipulator after the People's Bank of China (PBOC) fixed the official midpoint reference for the Yuan above 7.00 per dollar.

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